Accounting Software

FreshBooks has become one of the best-known tools for online invoicing, time-tracking, and billing. A great choice for consultants and other businesses that need to track time and expenses, send professional-looking invoices, and collect online payments.

What sets it apart

Pricing

Evergreen: invoice an unlimited number of clients, add an additional user, and access timesheets and team expense reporting

$40/month

Mighty Oak: same as evergreen but you can add 5 additional users

Overview

Founded in 2003, FreshBooks has become one of the best-known tools for online invoicing, time-tracking, and billing. With 5 million users, Freshbooks helps service-based consultants and small businesses track their time and expenses, send professional-looking invoices, and collect online payments.

While it doesn’t offer double entry accounting or detailed reporting, it does integrate easily with a large range of apps, offer an easy-to-navigate dashboard, and simplify the accounting process for businesses and freelancers who may not need some of the pricier (and potentially distracting) bells and whistles that full-service sites like QuickBooks might offer. This is potentially an issue for businesses that see large growth in their future – but ideal for smaller firms or individuals who bill based on time for their services.